The Eislen Benchmark Report – conducted three times annually – extends surveyed properties to include the full, 50+ unit, property universe.
Activity reporting includes the three segments composing the apartment industry definition of the term Market: Rental Market Conditions; Investor Activity; and Apartment Development. Reporting quantifies change in:
- Employment
- Single–Family housing status:
- Affordability
- Inventory additions
- Public Transportation (light rail; freeway) changes
- Apartment activity, illustrated among four rental household categories:
| Household Type |
Pierce-Eislen
Context® Rating Categories
|
| Discretionary |
A+ / A
|
| Upper Mid–range |
A- / B+
|
| Low Mid–range |
B / B- |
| Workforce |
C+ / C / C- / D |
Rental Market–Reporting illustrates absolute change by submarket, and rental household category in:
- Rental Rates
- Rental concession participation, and:
- Concession depth
Investor Market – Investor activity– period-to-period, and year-to-year – illustrating total sales by:
- Number of properties sold
- Total dollar value of sales
- Rental Household Category
- Geographic Region
Development Market – Reporting of period-to-period, and year–to-year apartment completions – by submarket, and by property category:
- Most–active developers;
- Property category completions (i.e. Workforce, Low Mid–Range, Upper Mid-Range; Discretionary)
- Property type completions (i.e. market rate / fully affordable / workforce...)
- Properties under construction, and in planning / pre–planning, illustrated by submarket and property position (i.e. Age Restricted; Fully Affordable...)
The Eislen Benchmark Report summarizes results in detail of a three–times-annual survey of the full 50+ apartment market-rate apartment universe. Rental surveys are conducted as a renter. Where a property cannot be reached after five attempts, rents are "recycled", based on prior knowledge of rental rates within the surveyed property, and the property's competitive cluster.
(Example)